Category: Financial Remedy

In divorce cases that have become acrimonious, one or both ex-partners may behave unfairly toward one another out of spite. One example is where a party to the divorce transfers or sells assets during financial remedy proceedings.

People often associate prenuptial agreements (or “prenups”, as they are sometimes known in the UK) with individuals who have extravagant wealth or celebrity status. This is not necessarily accurate: prenuptial agreements are increasingly made by engaged couples who wish to have certainty regarding their future financial affairs before getting married.

When divorcing, a couple must decide how to divide their wealth and manage any ongoing financial obligations to one another. Where they can agree amicably, this is relatively straightforward. However, if they cannot reach an agreement, the Family Court can make a financial order setting out how the parties shall manage and split their assets.

1. Introduction When two people divorce, financial remedy proceedings run alongside divorce proceedings to determine the division

Where a person’s marriage or civil partnership has broken down, they may apply to the Family Court for a Financial Remedy. Once…